Mortgage Banking

Founded in 1939, Mortgage Banking Magazine is a professional trade magazine published by Mortgage Bankers Association of America. Its headquarters are located in Washington, D.C. The magazine is published monthly and serves the banking, real estate and financial markets. Janet Hewitt is the editor-in-chief.

Articles from Vol. 62, No. 9, June

American Home Mortgage Reports Q1 Results. (Business Alert)
NEW YORK--BASED AMERICAN HOME Mortgage Holdings Inc. reported financial results for the first quarter ended March 31, 2002. According to American Home Mortgage, the improvement in first-quarter results compared to the year-ago period was primarily...
American Home's Dual Strategy
American Home Mortgage Holdings (parent of MortgageSelect) has two very different approaches to driving origination business in the door. One way you wouldn't even know it's American Home, because it's a private-label business for small community banks.The...
American Home's Dual Strategy. (Cover Report: Business Strategies)
American Home Mortgage Holdings (parent of MortgageSelect) has two very different approaches to driving origination business in the door. One way you wouldn't even know it's American Home, because it's a private-label business for small community banks....
As LOS Technology Improves, the Value of Proper Implementation Rises
Executive Essay There are two things that need to be present at the onset of a successful implementation: a working relationship between the customer and the vendor, and careful planning. IMAGINE GIVING THE KEYS TO A BRAND-- new Indy race car to someone...
As LOS Technology Improves, the Value of Proper Implementation Rises. (Executive Essay)
IMAGINE GIVING THE KEYS TO A BRAND-new Indy race car to someone without a driver's license. That person now has access to an incredibly advanced method of transportation, but lacks the proper instruction on how to use it. This results in a perfectly...
Challenging the Status Quo
This is a story of how one MI startup made the grade. Triad Guaranty broke into a mature mortgage insurance industry in 1987, and hasn't looked back since. WHEN AN INDUSTRY OR MARKETPLACE IS LABELED "MATURE," IT'S GENERALLY seen as an unenviable or undesirable...
Challenging the Status Quo. (Cover Report: Business Strategies)
This is a story of how one MI startup made the grade. Triad Guaranty broke into a mature mortgage insurance industry in 1987, and hasn't looked back since. WHEN AN INDUSTRY OR MARKETPLACE IS LABELED "MATURE," IT'S GENERALLY seen as an unenviable...
Colorado Introduces New Legislation, D.C. Proposes New Rule. (Business Alert)
ON APRIL 25, 2002, COLORADO INTRODUCED Senate Bill 226, which would require the licensure and regulation of mortgage originators (defined as persons who, for compensation or in the expectation of compensation, either directly or indirectly make, negotiate...
Crowding out in the Nonconforming Market?
How will nonconforming lenders do when Fannie and Freddie move more aggressively into that market? What are the niche strategies that are helping these nimble, smaller companies survive? FANNIE MAE AND FREDDIE MAC have similar effects on the mortgage...
Crowding out in the Nonconforming Market? (Secondary Market)
How will nonconforming lenders do when Fannie and Freddie move more aggressively into that market? What are the niche strategies that are helping these nimble, smaller companies survive? FANNIE MAE AND FREDDIE MAC have similar effects on the mortgage...
David's Doing Quite Well, Thank You
IN AMERICA, WHERE IT IS OFTEN ASSUMED that size determines value, we have become accustomed to hearing such sizes as king size, extra large and super size. For consumers, it's sometimes true that purchasing a particular product in large quantity results...
David's Doing Quite Well, Thank You. (Executive Suite)
IN AMERICA, WHERE IT IS OFTEN ASSUMED that size determines value, we have become accustomed to hearing such sizes as king size, extra large and super size. For consumers, it's sometimes true that purchasing a particular product in large quantity results...
eMortgages, European Style. (eMortgage)
As U.S. LENDERS REACH THE TAIL end of the largest refinance boom in mortgage history, another market boom is emerging in Europe. Along with European currency and finance, the national mortgage markets of the European Union (EU) countries are becoming...
(EUR)Mortgages, (EUR)uropean Style
eMortgage Along with European currency and finance, the national mortgage markets of the European Union (EU) countries are becoming increasingly integrated. AS U.S. LENDERS REACH THE TAIL end of the largest refinance boom in mortgage history, another...
Fiserv's Lesson in Marketing
When Fiserv developed a new mortgage servicing system to replace its old Data-Link system, who would have thought the hardest part would be marketing? The stereotype of the old system dogged the new product until innovative ads and new customers broke...
Fiserv's Lesson in Marketing. (Cover Report: Business Strategies)
When Fisery developed a new mortgage servicing system to replace its old Data-Link system, ho would have thought the hardest part would be marketing? The stereotype of the old system dogged the new product until innovative ads and new customers broke...
Index Confirms Need for Federal Terrorism Backstop
THE WASHINGTON, D.C.-BASED COUNCIL OF Insurance Agents and Brokers' Commercial Insurance Market Index for the first quarter of 2002 confirms the April announcement by President Bush that Congress' failure to enact a federal backstop for terrorist acts...
Index Confirms Need for Federal Terrorism Backstop. (Commercial)
THE WASHINGTON, D.C.--BASED COUNCIL OF Insurance Agents and Brokers' Commercial Insurance Market Index for the first quarter of 2002 confirms the April announcement by President Bush that Congress' failure to enact a federal backstop for terrorist...
Indymac EPS Increases 49 Percent. (Business Alert)
INDYMAC BANCORP INC., PASADENA, CALIfornia, reported results for the first quarter of 2002. The following are highlights of the quarter: * Earnings per share (EPS) of $0.58, up 49 percent over recurring EPS of $0.39 in the first quarter of 2001....
Kempner's Latest Test
This month marks the end of Jonathan Kempner's first year as president and chief operating officer of the Mortgage Bankers Association (MBA). He has been tested by budget issues, staffing decisions and a challenging policy environment. His interesting...
Kempner's Latest Test. (Profile)
This month marks the end of Jonathan Kempner's first year as president and chief operating officer of the Mortgage Bankers Association (MBA). He has been tested by budget issues, staffing decisions and a challenging policy environment. His interesting...
Marketrac
Marketrac[R] Southern Region - Top 30 Lenders Fourth-Quater 2001 / Sort Order: Total Loan Amount PURCHASE Total Number Rank Lender ...
Merrill Lynch Ratings Lowered
STANDARD & POOR'S (S&P), NEW YORK, has lowered its rating on class G of Merrill Lynch Mortgage Investors Inc.'s mortgage pass-through certificates series 1996-C2, to triple-C from single-B, and removed it from CreditWatch with negative implications,...
Merrill Lynch Ratings Lowered. (Commercial)
STANDARD & POOR'S (S&P), NEW YORK, has lowered its rating on class G of Merrill Lynch Mortgage Investors Inc.'s mortgage pass-through certificates series 1996-C2, to triple-C from single-B, and removed it from CreditWatch with negative implications,...
Mortgage Applications Indexes Mortgage Bankers Association of America. (Vital Statistics)
Vital Statistics MORTGAGE APPLICATIONS INDEXES MORTGAGE BANKERS ASSOCIATION OF AMERICA MARKET COMPOSITES (Unadjusted) (Seasonall y ...
Office Sector Still Struggling
ACCORDING TO A FIRST-QUARTER 2002 REAL estate market update by Grubb & Ellis Co., New York, the economy is recovering, but job growth remains anemic and corporate earnings have been disappointing. Although the numbers are beginning to look good,...
Office Sector Still Struggling. (Commercial)
ACCORDING TO A FIRST-QUARTER 2002 REAL estate market update by Grubb & Ellis Co., New York, the economy is recovering, but job growth remains anemic and corporate earnings have been disappointing. Although the numbers are beginning to look good,...
Paddle Hard
IN THIS ISSUE WE LAUNCH OUR FIRST-EVER TOP 200 LENDERS RANKING. COINCIDENTALLY, Wells Fargo Home Mortgage Inc., Des Moines, Iowa, tops our rankings and is the focus of our first storv. When you talk about business strategies-as we do in this issue-Wells...
Paddle Hard. (Portfolio)
IN THIS ISSUE WE LAUNCH OUR FIRST-EVER TOP 200 LENDERS RANKING. COINCIDENTALLY, Wells Fargo Home Mortgage Inc., Des Moines, Iowa, tops our rankings and is the focus of our first story. When you talk about business strategies--as we do in this issue--Wells...
Principal's Level-Headed Growth
Des Moines, Iowa-based Principal Residential Mortgage posted stunning gains in the origination and serviving rankings last year. It ended 2000 as the country's 26th-largest originator, but by year-end 2001 it had jumped to the 12th spot. Organic growth...
Principal's Level-Headed Growth. (Cover Report: Business Strategies)
Des Monies, Iowa-based Principal Residential Mortage posted stunning gains in the origination and servicing rankings last year. It ended 2000 as the country's 26th-largest originator, but by year-end 2001 it had jumped to the 12th spot. Organic growth...
Sarbanes Introduces Predatory Lending Legislation. (Business Alert)
ON MAY 1, 2002, SENATOR PAUL S. SARbanes (D-Maryland), chairman of the Senate Banking, Housing and Urban Affairs Committee, introduced the Predatory Lending Consumer Protection Act of 2002 (S. 2438), a bill to amend the Truth in Lending Act (TILA)....
Secondary Effects on the Industry
Recession? What recession? Not in the mortgage industry, where the good times keep rolling with no apparent end in sight. RECESSION? WHAT RECESSION? NOT IN the mortgage industry, where the good times keep rolling with no apparent end in sight. "We see...
Secondary Effects on the Industry. (on the Road)
RECESSION? WHAT RECESSION? NOT IN the mortgage industry, where the good times keep rolling with no apparent end in sight. "We see all markets expanding," says an upbeat Richard Wohl, president and chief operating officer, IndyMac Bank, Mortgage Banking...
Six Smart Broker Niches
These mortgage brokers have found profitable strategies that set them apart from the pack. Six successful brokers tell their stories. SURE, YOU KNOW MORTGAGE BROKERS who are interesting and mortgage brokers who are successful-but how many mortgage brokers...
Six Smart Broker Niches. (Cover Report: Business Strategies)
These mortgage brokers have found profitable strategies that set them apart from the pack. Six successful brokers tell their stories. SURE, YOU KNOW MORTGAGE BROKERS who are interesting and mortgage brokers who are successful--but how many mortgage...
Successful Ethics Training
An ethics course is much more extensive and involved. It generally begins with a strong, but not clearly defined, feeling of dissatisfaction In the gut of the president. THIS ESSAY GERMINATED FROM A truly macabre bit of humor and social commentary: The...
Successful Ethics Training. (Training)
THIS ESSAY GERMINATED FROM A truly macabre bit of humor and social commentary: The justly popular Internet auction site eBay[R] recently had a flurry of activity with people eagerly buying souvenir items from an ethics training course offered by and...
Top 200 Lenders. (Rankings)
THIS IS THE FIRST TIME ever that Mortgage Banking has published its own Top 200 Lender Rankings. This debut edition of the top 200 reveals the big boys in mortgage lending continue to dominate the pack. Wells Fargo Home Mortgage, Des Moines, Iowa,...
Understanding Anti-Terrorism Laws
LEGAL The U.S. government has new laws and rules intended to stop financial transactions involving known terrorists and their organizations. Mortgage bankers and brokers need to know how these rules apply to them and the stiff penalties for breaking...
Understanding Anti-Terrorism Laws. (Legal)
The U.S. government has new laws and rules intended to stop financial transaction involving known terrorists and their organizations. Mortgate bankers and brokers need to know how these rules apply to them and the stiff penalties for breaking them....
U.S. Commercial Real Estate Healthy. (Commercial)
ACCORDING TO MOODY'S INVESTORS SERVICE, New York, U.S. commercial real estate will have green lights by mid-2003, after only a year or so in the yellow zone, based on Moody's latest Red-Yellow-Green Property Cycle index. The recovery is expected to...
U.S. Commerical Real Estate Healthy
Commercial ACCORDING TO MOODY'S INVESTORS SERVICE, New York, U.S. commercial real estate will have green lights by mid-2003, after only a year or so in the yellow zone, based on Moody's latest Red-YellowGreen Property Cycle index. The recovery is expected...
Why Wells Likes Mortgages
AS ANYONE WHO'S TAKEN OUT A MORTGAGE CAN painfully attest, there's almost no financial secret deemed too trivial to be confessed on the application form. Before it's through, your mortgage company knows the ages of your kids and your cars. It has an...
Why Wells Likes Mortgages. (Cover Report: Business Strategies)
Wells Fargo & Co. has a huge commitment to its mortgage company. A its mortgage company is a huge originator new customer for the bank. Cross-selling is at the heart of this attraction. Other banks, like National City, find their mortgage custom...